The rumble of the lobby that says build a lot more homes is escalating, but before we sign up to a rampant building boom we need to look at where the real problems with house prices lie. The decade-long boom to 2007 that sent house prices spiralling to unaffordable levels was not caused by building too few homes, but by easy credit and property inflation allowed to run unchecked. ...read
For whatever reason or reasons, the property apocalypse that pessimists predicted (or hoped for) hasn’t materialised.
Property sales are finally on the up, while better mortgage deals are landing regularly. So what now for house prices?
House prices posted their first slight rise since June 2010, according to RICS, with estate agents seeing the effects of cheaper mortgages and Budget plans to help home buyers.
The number of properties sold in England and Wales reached its highest level for three years at the end of last month, a report said today
This calculator will not only give you a pretty good idea but it also allows you to track its progress over the boom years.
Although prices were flat month-on-month in March at £164,630 on average, they were up by 0.8 per cent on a year ago, marking the first year-on-year rise since February last year. Nationwide's study found huge variations in the performance of local housing markets, with prices up year-on-year by 15 per cent in the London borough of Camden and in Cambridge, but down by 10 per cent in Liverpool and Carlisle. ...read
Sacrifices that struggling households found themselves in 'real danger' of having to make, according to the Axa Big Money Report, included moving to a cheaper house, giving up a car, missing out on a holiday or curtailing a child's private education.
House prices increased for the first time in nine months in February - but three-quarters of the rises recorded were in London and the South East - property analyst Hometrack said today.
Nationwide reported that the price of the typical home stands at £162,638, up £393, or 0.2 per cent, from January.
Asking prices jumped by 2.8% between January and February to reach £235,741 on average, with big monthly leaps of around 5% recorded in the North West of England and Wales, according to Rightmove.
Work out how much extra or less you would pay on your mortgage if your lender changes the rate you are paying. Enter a negative value eg (-0.25) for a rate cut.
The head of the new City regulator, the Financial Conduct Authority, dubbed interest-only mortgages as 'ticking time-bombs' - but there is to avoid an explosion. Julia Muggridge and her partner Andrew Gore are among those who are determined to defuse their personal time-bomb way before it is due to detonate in July 2029. ...read
The Land Registry's monthly figures, based on actual prices paid, are the stick used to beat other major reports. But they are nowhere near a fair reflection of what we pay for a home.
Property prices edged up 0.5% in January, following two months of no movement with the average home standing at £162,245.
The price of buying a house in the UK's biggest towns and cities has risen by almost 40 per cent in the past 10 years - with prices in Aberdeen nearly twice as much as it was in 2002.
CEBR forecasts that in five years' time a typical home will cost £261,000, representing an increase of 19.1 per cent compared with this year.
The value of all homes in Britain grew by £57bn last year, bringing the combined total of the residential property stock to £5.963trillion, up 0.97% compared to the end of 2011.
Halifax reported an average house price of £163,845 last month, up from £161,795 in November. There were six monthly rises and six decreases during 2012 as prices remained little changed over the course of last year.
The ‘topsy-turvy’ nature of the housing market was revealed further today as official figures showed that prices edged up over the course of the year, but sales slowed.
House prices in Britain are still artificially high according to economists, despite the property market being set for the longest slump since records began.
Next year will be a strong one for house values according to the public, as confidence house prices will grow reached its highest level in at least a year and a half, a survey revealed today.
The average property value now stands at £228,226 compared to £225,928 a year ago but the overall increase during 2012 masks the stark contrast between different regions around Britain.
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Published by Associated Newspapers Ltd
Part of the Daily Mail, The Mail on Sunday & Metro Media Group
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